Problem 2 A regional hospital had the following number of patient admissions during the past 8 weeks: Week 1 2 3 4 5 6 7

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Problem 2 A Regional Hospital Had The Following Number Of Patient Admissions During The Past 8 Weeks Week 1 2 3 4 5 6 7 1 (26.6 KiB) Viewed 34 times

Problem 2 A regional hospital had the following number of patient admissions during the past 8 weeks: Week 1 2 3 4 5 6 7 8 Patient Admissions 130 155 105 122 140 120 110 150 a. Develop a 3-week weighted average forecast for week 4 through 9 with weights of W₁ = 0.6, W₂=0.3 and W₁ = 0.1. b. Forecast patient admissions for week 9 using exponential smoothing with a = 0.25. Assume that the forecast for Week 4 (F4) is the naïve forecast. c. Use the MSE to determine which of the two forecasting methods is more accurate.